What Are the Benefits of Payroll Software for Accountants?

Technology and software have revolutionised almost every aspect of our lives, and the way in which we conduct business is no exception. Thanks to the rise of computer applications and the internet, you can now automate a plethora of business processes, from replenishing stock to updating sales records. Now, accountants…

Payroll Deductions: Making the Process Simpler

With employers now offering more perks and benefits than ever before, payroll is becoming more complex. It’s no longer just a case of taking out tax and national insurance, there are many deductions that have to legally be made, which can be a headache for payroll departments. That’s why it’s…

Reduction in Dividend Allowance: Will it affect you?

In the government’s second finance bill that was confirmed last month, dividend allowance was cut by £3,000 from its current level at £5,000. As Chancellor continues to target the contracting industry this could leave contractors with a dividend tax bill of £1,143. Phillip Hammond first spoke about the dividend cut…

Paying your taxes a challenge?

With the deadline for self-assessment having passed on 31st January, HMRC would assume that all tax returns are submitted and tax bills settled. Failure to do so would lead to additional charges and penalties. However, if you are stuck with trying to pay your liabilities there are a few options.…